Order to Cease and Desist Issued to Brenda Carlton Becomes Final

December 26, 2012

Atlanta, Georgia — On December 21, 2012, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Brenda Carlton became final.

This Order to Cease and Desist was issued by the Department after it obtained evidence that Brenda Carlton engaged in residential mortgage brokering and/or lending activities without a license or under an applicable exemption in violation of O.C.G.A. § 7-1-1002.

Pursuant to Georgia law, it is prohibited for any person to directly or indirectly solicit, process, place, or negotiate mortgage loans for others, or offer to solicit, process, place, or negotiate mortgage loans for others without a mortgage license or pursuant to an exemption from licensure. It is prohibited for any person to directly or indirectly make, originate, underwrite, hold, purchase, or service a mortgage loan without a mortgage license or pursuant to an exemption from licensure.

It is also prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions.